trending Market Intelligence /marketintelligence/en/news-insights/trending/mrt70btsx6w5saple2rz5a2 content esgSubNav
In This List

Fitch upgrades Unipol Banca after similar action on parent

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Fitch upgrades Unipol Banca after similar action on parent

Fitch Ratings on May 14 upgraded Unipol Banca SpA's long-term issuer default rating to BB+ from BB, following the recent upgrade on parent Unipol Gruppo SpA's rating to BBB from BBB-.

The outlook is stable. The agency also affirmed the Italian bank's short-term issuer default rating at B and support rating at 3.

The issuer default and support ratings of Unipol Banca reflect Fitch's expectation that there is a moderate likelihood the bank will receive support from its parent in case of need. The upgrade indicates the parent's increased ability to support Unipol Banca, Fitch said.